The US-based financial technology fund of Spanish bank BBVA is considering establishing a presence in London as it looks to grow its investment in companies in Europe.

The move could also include increasing the size of the $100 million BBVA Ventures fund for more fintech investments in Europe, according to people familiar with the matter. An internal candidate is being considered as a potential head of BBVA Ventures’ operations in London, they added.

BBVA has been one of the banks with the most aggressive fintech strategies so far, as it aims to keep up with the wave of change that new technology is bringing to the financial sector. It launched BBVA Ventures in Silicon Valley in 2013, and has since made several high-profile investments.

In January, the venture arm, which also has an office in Madrid, according to its website, backed bitcoin platform Coinbase, alongside the New York Stock Exchange, making the Spanish lender one of the first major financial institutions to invest in a bitcoin firm.

The fund’s portfolio also includes invoice management start-up Taulia and marketing company Radius, as well as mobile banking start-up Simple, which was acquired in February 2014 at a valuation of $117 million.

BBVA Ventures has so far only backed one European firm: UK-based payments company SumUp. A presence in London would enable it to boost its activity in Europe, where fintech investments have been booming, the sources said.

BBVA chairman and chief executive Francisco González has been outspoken about the potential disruption digital technologies could have on the financial industry. He grabbed headlines last month at the Mobile World Congress in Barcelona when he said that the bank would be “a software company in the future”.

The bank last week furthered its ambitions in digital banking with the acquisition of San Francisco-based design firm Spring Studio.